Wednesday , November 6 2024
Home / Mike Norman Economics / Pam and Russ Martens — Wall Street’s Latest Plot: Blame the Financial Crash on the French

Pam and Russ Martens — Wall Street’s Latest Plot: Blame the Financial Crash on the French

Summary:
Wall Street appears to have a plan to get the deregulation it wants by pinning the start of the epic financial crash of 2007-2010 on (wait for it) the French, rather than its own unbridled greed, corruption and toxic manufacture of junk bonds known as subprime debt that it paid to have rated AAA by ethically-challenged and deeply conflicted rating agencies. (The same rating agencies that are getting paid by Wall Street to rate its debt issues today.)... Wall Street On ParadeWall Street’s Latest Plot: Blame the Financial Crash on the FrenchPam Martens and Russ Martens

Topics:
Mike Norman considers the following as important: , , ,

This could be interesting, too:

Matias Vernengo writes Galbraith on the Texas Energy Debacle

Mike Norman writes T.J. Coles — Out of Control: A Brief History of Neoliberal Deregulation in the USA

Mike Norman writes Bloomberg — Big U.S. banks could see profit jump 20% with deregulation

Mike Norman writes John Quiggin — What’s left of libertarianism?

Wall Street appears to have a plan to get the deregulation it wants by pinning the start of the epic financial crash of 2007-2010 on (wait for it) the French, rather than its own unbridled greed, corruption and toxic manufacture of junk bonds known as subprime debt that it paid to have rated AAA by ethically-challenged and deeply conflicted rating agencies. (The same rating agencies that are getting paid by Wall Street to rate its debt issues today.)...
Wall Street On Parade
Wall Street’s Latest Plot: Blame the Financial Crash on the French
Pam Martens and Russ Martens
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *